AIDC高景气持续，紧抓布局第二增长曲线公司

Investment Rating - Industry Rating: Recommended [4] Core Insights - The humanoid robot industry is expected to accelerate towards mass production due to breakthroughs in AI technology and strategic collaborations among major companies [1][13][14] - The electric vehicle sector is experiencing strong growth, with several manufacturers reporting increased delivery and sales figures, driven by advancements in solid-state batteries and favorable government policies [2][18][19] - The renewable energy sector is poised for growth, supported by government initiatives aimed at enhancing energy efficiency and promoting green development, particularly in the photovoltaic segment [3][26][29] Summary by Sections Humanoid Robots - Strategic cooperation between TaoTao Automotive and YuShu Technology aims to leverage resources for market expansion in North America [1][14] - The domestic supply chain for humanoid robots is strengthening, with key components seeing increased local production to meet demand [15][17] New Energy Vehicles - July 2025 saw significant growth in electric vehicle deliveries, with companies like Xpeng and Li Auto reporting substantial year-on-year increases [2][18] - The introduction of new technologies and models is expected to enhance the competitiveness of electric vehicles, leading to sustained sales growth [19][20] Renewable Energy - The Ministry of Industry and Information Technology has issued a task list for energy efficiency inspections in the polysilicon industry, which is expected to optimize production capacity and promote green development [3][26] - The photovoltaic sector is anticipated to benefit from rising raw material prices and improved efficiency in battery technology, with several companies positioned to gain from these trends [26][34] Power Equipment & AIDC - The rapid development of AI is driving demand for high-power density server power supplies and cooling systems, benefiting the AIDC supply chain [8][29] - The European offshore wind market is expanding, with new projects being approved and increased competition expected in upcoming auctions [7][29]